White House · CLARITY Act · US Senate · Republicans · Bitcoin.com News
CLARITY Act Overlooks Trump’s July 4 Target as Window to Pass Shrinks to 25 Days
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◎ Multiple-sources
The Digital Asset Market Clarity Act was not signed into law by Independence Day as the White House had targeted, leaving roughly three working weeks between the Senate’s July 13 return and the Aug. 7 recess to pass the crypto industry’s long-sought market structure bill.
Key facts
- President Trump’s June financial disclosure showed crypto-related income that topped $1 billion in 2025, alongside bitcoin holdings exceeding $50 million held through World Liberty Financial entities
- H.R. 3633, which draws jurisdictional lines between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), cleared the House 294-134 in July 2025
- The Digital Asset Market Clarity Act was not signed into law by Independence Day as the White House had targeted, leaving roughly three working weeks between the Senate’s July 13 return and the Aug
- Odds of the bill becoming law in 2026 have slipped to about 50-50, down from roughly 60% in June
Summary
Patrick Witt’s July 4 goal for the CLARITY Act lapsed with the bill still awaiting a Senate floor vote. Analysts now peg 2026 passage odds near 50-50, down from about 60% in June, as ethics talks stall. Republicans need 7 Democrats to reach 60 votes before the Senate’s Aug. 7 recess deadline. White House crypto adviser Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, set the target back in May, claiming:.